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2 bedroom flat for sale
Connaught Mews, Newcastle Upon Tyne, NE2
£160,000
Connaught Mews, Newcastle Upon Tyne, NE2
£160,000
Our Summary
- It is conveniently close to essential amenities, offers strong potential for rental returns, and currently has a tenant in residence
- Please see the Let Property Pack linked below for greater details on this property's investment potential
- INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
- Investment potential detailed below (Let Property Pack)
Description
This 2-bedroom flat in Newcastle Upon Tyne offers a fantastic investment opportunity for those looking to expand their portfolio. Located in the vibrant Jesmond district, just a 5-minute walk from West Jesmond Metro station, the property benefits from easy access to a lively mix of bars, restaurants, and shops. The flat itself features two bedrooms, a three-piece bathroom, a lounge, and a kitchen, and comes with secure, gated parking and lift access. The current tenant has been in residence for over a year and is looking to stay, producing an annual gross income of £11,160, which could be increased to £13,524 with a market-rate rent. With its prime location and excellent transport links, this property is perfect for working professionals seeking comfort, convenience, and a vibrant lifestyle.